Get a loan in UAE as a resident

bigbite100 said:

as someone who is General Manager of a FZCO and recieves salary from this company (non WPS), is it possible to get a loan for buying real estate abroad?

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If you have a history of income in principle you can get a loan but it depends on the bank.

bigbite100 said:

And is it possible to get a unconditional loan, so they dont ask what to use it for?

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Unless your asking for a Lombard Loan as (i.e a wealth management client) I don't think any bank is gonna give unsecured loans no questions asked .

bigbite100 said:

Which banks/companies have the best interest rates for that? Does one need to be inside the country for this? What are the current interest rates?

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It totally depends on the bank and there is not one interest rate for loans or even an average one as each bank is different. You can see below the rates for example if you were a wealth management client at SC UAE.


Maybe you have assets you can leverage to get a loan against them. I don't know your personal situation however.

bigbite100 said:

Hello,

as someone who is General Manager of a FZCO and recieves salary from this company (non WPS), is it possible to get a loan for buying real estate abroad?

And is it possible to get a unconditional loan, so they dont ask what to use it for?

Which banks/companies have the best interest rates for that? Does one need to be inside the country for this? What are the current interest rates?

It should be a short term loan (1-2 years and around 100k EUR).

Thank you.

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this is something that is of interestto me too, my question is, why don't you ask for a Loan abroad? My case would be to get 50% of the loan for a house